Zacks: Brokerages Set $17.00 Price Target for Limbach Holdings, Inc. (LMB)
Limbach Holdings, Inc. (NYSE:LMB) has received an average broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy recommendation.
Brokers have set a 12 month consensus price objective of $17.00 for the company, according to Zacks. Zacks has also given Limbach Holdings an industry rank of 245 out of 265 based on the ratings given to related companies.
LMB has been the topic of a number of research reports. Zacks Investment Research downgraded Limbach Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Roth Capital set a $18.00 price objective on Limbach Holdings and gave the stock a “buy” rating in a report on Friday, August 18th.
Limbach Holdings (NYSE:LMB) traded down 0.66% during trading on Friday, hitting $13.53. 2,100 shares of the stock traded hands. The stock has a 50 day moving average price of $12.42 and a 200-day moving average price of $12.98. Limbach Holdings has a 52-week low of $8.90 and a 52-week high of $16.20. The stock’s market cap is $100.85 million.
Limbach Holdings (NYSE:LMB) last released its quarterly earnings data on Monday, August 14th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $117.84 million during the quarter, compared to the consensus estimate of $115.50 million. On average, analysts anticipate that Limbach Holdings will post $0.38 EPS for the current fiscal year.
A hedge fund recently bought a new stake in Limbach Holdings stock. Mesirow Financial Investment Management Inc. acquired a new position in shares of Limbach Holdings, Inc. (NYSE:LMB) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 36,029 shares of the company’s stock, valued at approximately $432,000. Limbach Holdings comprises 2.0% of Mesirow Financial Investment Management Inc.’s investment portfolio, making the stock its 21st largest position. Mesirow Financial Investment Management Inc. owned about 0.48% of Limbach Holdings at the end of the most recent quarter.
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